FORECLOSURE AUCTION - CHICAGO ILLINOIS
At 4:00 p.m. on 04/21/14 Clark Hill PLC of 150 N. Michigan Ave., Ste. 2700, Chicago, IL 60601
will hold on behalf of Chrysler Group, LLC ("Chrysler") a UCC Article 9 sale of all inventory, machinery & equipment ("M&E") owned by Camryn Industries, LLC of Belvidere, IL, including (a) aluminum, other raw materials and finished components that are saleable only to Chrysler and (b) M&E comprised of (i) the Patriot Rear Coilover Stock Assembly Line, (ii) the Dart Front Corner Assembly Line, (iii) the Dart Rear Corner Assembly Line, (iv) the Patriot ECC/RDA Assembly Line, (v) the Patriot Front Suspension Assembly Line, (vi) the Patriot Trailing Arm Assembly Line, (vii) the Patriot Rear Suspension Assembly Line, (viii) the Dart Front Coilover Strut Assembly Line, (ix) the Patriot Front Coilover Strut Assembly Line, (x) plant-wide equipment including a 130HP air compressor, a 1,350 kva backup generator, dunnage racks, and other assorted assets, (xi) maintenance shop equipment including a vertical milling machine, 12" x 36" lathe and other miscellaneous tools, and (xii) rolling stock including certain company-owned vehicles and warehousing equipment. Specific asset descriptions will be provided upon written request. The collateral will be sold as a single unit as is, where is. Minimum bid will be $1,000,000 and the minimum increment will be $50k. The foreclosing creditor may credit bid up to about $12 million. In order to bid, each prospective bidder must provide a cashier's or other bank check in the amount of $1,000,000 payable to Chrysler Group LLC and documentary evidence of its ability to pay the balance of any bid. The balance will be due in immediately available funds within one business day. Failure to complete payment will cause forfeiture of the amount paid and permit, but not require, sale to the next highest bidder with a credit up to the forfeited amount. Auction may be adjourned by notice at the sale.
Contact: Jean Weipert at 500 Woodward Ave., Ste. 3500, Detroit, MI 48226 or 313-965-8588 with RSVP, with questions or for additional information.